WPX Energy, Inc. (NYSE:WPX) – Equities researchers at Seaport Global Securities decreased their Q3 2017 earnings per share estimates for shares of WPX Energy in a research note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas producer will post earnings of ($0.12) per share for the quarter, down from their previous estimate of ($0.11). Seaport Global Securities has a “Sell” rating and a $6.50 price objective on the stock. Seaport Global Securities also issued estimates for WPX Energy’s FY2017 earnings at ($0.51) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.26) EPS.
A number of other equities analysts have also commented on WPX. Stifel Nicolaus started coverage on shares of WPX Energy in a research report on Wednesday, April 12th. They set a “buy” rating and a $21.00 target price on the stock. FBR & Co reaffirmed a “buy” rating and set a $19.00 target price on shares of WPX Energy in a research report on Monday, April 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $17.00 target price on shares of WPX Energy in a research report on Monday, May 15th. Credit Suisse Group started coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 target price on the stock. Finally, ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.95.
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WPX Energy (WPX) opened at 10.20 on Wednesday. WPX Energy has a one year low of $8.40 and a one year high of $16.17. The company’s 50-day moving average price is $9.84 and its 200-day moving average price is $11.85. The stock’s market cap is $4.06 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company had revenue of $413 million for the quarter, compared to the consensus estimate of $301.78 million. During the same quarter in the previous year, the business earned ($0.28) EPS. WPX Energy’s revenue was up 199.3% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the stock. Creative Planning raised its position in WPX Energy by 6.2% in the first quarter. Creative Planning now owns 19,124 shares of the oil and gas producer’s stock valued at $256,000 after buying an additional 1,108 shares in the last quarter. Capstone Asset Management Co. raised its position in WPX Energy by 9.4% in the first quarter. Capstone Asset Management Co. now owns 29,600 shares of the oil and gas producer’s stock valued at $396,000 after buying an additional 2,550 shares in the last quarter. Louisiana State Employees Retirement System raised its position in WPX Energy by 17.5% in the first quarter. Louisiana State Employees Retirement System now owns 100,100 shares of the oil and gas producer’s stock valued at $1,340,000 after buying an additional 14,900 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in WPX Energy during the first quarter valued at about $199,000. Finally, Oakbrook Investments LLC raised its position in WPX Energy by 19.1% in the first quarter. Oakbrook Investments LLC now owns 31,515 shares of the oil and gas producer’s stock valued at $422,000 after buying an additional 5,050 shares in the last quarter. 95.03% of the stock is currently owned by institutional investors.
About WPX Energy
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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